training pajak introduction to wp&b and afe[1]
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INTRODUCTION TO INTRODUCTION TO WORK PROGRAM & BUDGET (WP&B)WORK PROGRAM & BUDGET (WP&B)
ANDANDANDANDAUTHORIZATION FOR EXPENDITURES AUTHORIZATION FOR EXPENDITURES
(AFE)(AFE)
DIVISI PENGENDALIAN FINANSIAL DIVISI PENGENDALIAN FINANSIAL -- BPMIGASBPMIGAS
WORK PROGRAM & BUDGET WORK PROGRAM & BUDGET (WP&B)(WP&B)
PSC BUDGETING AND REPORTING OVERVIEW
PSC Contract
Exh. C
Work Program &
FinancialQuarterly
Report
POD
Work Program &Budget
routine Projects
Report
POD
AuthorizationFor
Expenditures(AFE)
AFEClose-out
report
33
(AFE) p
Budget Schedules in WP&B
The budget schedules in Work ProgramAnd Budget (WP&B) were designedto identify and summarize the financialaspects of the annual plan.
44
PSC Annual Budget Preparation & Financial Reporting
Expl. DrillingBS 5
Dev. DrillingBS 6
Misc CAPEXBS 7
Admin.CapexBS 12
Misc.Prod.CapexBS 10
Prod.fac CapexBS 9
G&A exp.summryProd Exp Summry
gas
oil
p yBS 11
Prod. Exp. SummryBS 8
Expl&Devt SumryBS 4 FR 8 FR 11
FR 4 attchmnt Attchmntattchmnt
Key Ops Statstic
Exps&Expend S’mryBS 3 & 3A
Cap.asset PISBS 13
DepreciationBS 14FR 2 FR 14
FR 3
Key Ops StatsticBS 2
BS 13
Prod. Lift fr’castBS 16
FR 15 FR 16Prg. Supp list
BS 15
May 08May 08 55
Fin status rprtBS 1
FR 15
FR 1
Bgt yrs ExpdtresBS 17
WORK PROGRAM & BUDGET vs. BPMIGAS QUARTERLY REPORTWORK PROGRAM & BUDGET vs. BPMIGAS QUARTERLY REPORT
BUDGET FQR DESCRIPTIONSchedule 1 Report 1 Financial Status ReportSchedule 2 Report 2 Key Operating Statisticsp y p gSchedule 3 Expense and Expenditures Summary
Schedule 3A Report 3 Expenditures SummarySchedule 4 Report 4 Exploration and Development ExpendituresSchedule 5 Exploratory Drilling Capital & Operating ExpenditureS h d l 6 D l t D illi C it l O ti E ditSchedule 6 Development Drilling Capital & Operating ExpenditureSchedule 7 Miscellaneous Exploratory Capital ExpendituresSchedule 8 Report 8 Production Expense SummarySchedule 9 Production Facilities Capital ExpendituresSchedule 10 Miscellaneous Facilities Capital ExpendituresSchedule 10 Miscellaneous Facilities Capital ExpendituresSchedule 11 Report 11 Administrative Expense SummarySchedule 12 Miscellaneous Administrative Capital ExpendituresSchedule 13 Capital Assets to be Placed into ServiceSchedule 14 Report 14 Depreciation ScheduleSchedule 15 Report 15 Detailed Project Support Listing/Project Status ReportSchedule 16 Report 16 Lifting Forecast/Lifting Share AnalysisSchedule 17 Expenditures Summary by Category
66
Currency y
The currency units to be used in theAnnual Plan are US $.Budget Sch. 1-17 are to be rounded off tothe nearest $000;Budget sch 18 26 are to be rounded off toBudget sch. 18-26 are to be rounded off tothe nearest $
77
Detail of Budget Schedule g
Sch. 1 :Budgeted Financial Status report
• To summarize the elements necessary tocalculate the share of Revenue betweenGovernment and Contractor.
• To summarize the status of UnrecoveredOther costs, and Gov’t Tax entitlement
88
Detail of Budget Schedule g
Sch. 2 :Budgeted Key Operating Statistics
To obtain forecasts of key operating statisticssuch as Production i.e number of producingfields well operating Price Cost per b o efields, well operating, Price, Cost per b.o.e,Drillings, well completed, well successful,wildcat wells, footage drilled, seismic runs
99
Detail of Budget Schedule g
Sch. 3 :Expense and Expenditure BudgetSummary
• To summarize currently recoverableTo summarize currently recoverablebudgeted expenses by quarters
• To summarize budgeted cap.ex for thebudget yearbudget year
Sch. 3 A• To summarize capital and non-capital
expenditure by quarters
1010
Detail of Budget Schedule
Sch. 4 :Exploration and Development
g
p pExpenditure Budget Summary
• To summarize all budgeted expendituresTo summarize all budgeted expendituresrelated to exploration and dev’t activities
• To separate non-capital operatingexpenditures for cost recovery purposesexpenditures for cost recovery purposes
Attchment to sch. 4 : ( Personnel cost, technicalServices contract/ services material insuranceServices, contract/ services, material, insurance,Environment control, sundries)
1111
Detail of Budget Schedule
S h 5 B d t d E l t D illi E ’
g
Sch. 5 :Budgeted Exploratory Drilling Exp’res
• To summarize budgeted exploratory drillingdit b f ti l t fprogram expenditures by functional type of
expenditures• To list budgeted cap. Costs for items which
will be P.I.S during the budget year. Capt-uring this amount will assist in the comput-ation of depreciation
1212
Detail of Budget Schedule
S h 6 B d t d D l t D illi E
g
Sch. 6 :Budgeted Developments Drilling Exp.
• To summarize budgeted development drillingprogram expenditures by functional type ofexpenditures
• To list budgeted cap. Costs for items whichwill be P.I.S during the budget year.Capturing this amount will assist in thecomputation of depreciation
1313
Detail of Budget Schedule g
Sch. 7 :Budgeted Miscellaneous Capex.
• To summarize budgeted miscel. capex forTo summarize budgeted miscel. capex forE&D activities which are not incl in sch 5-6
• To list budgeted cap. costs for items whichwill be P I S during the budget year Capt-will be P.I.S during the budget year. Capturing this amount will assist in the comput-ation of depreciation
1414
Detail of Budget Schedule
Sch.8 :Prod. Expense Budget Summary
g
• To summarize all recoverable budgetedpro. Expenses by functional exp. category
• To list budgeted cap. costs for items whichill b P I S d i th b d twill be P.I.S during the budget year.
Capturing this amount will assist in thecomputation of depreciation
A tt h t t S h 8 h ll l if th d t ilAn attachment to Sch. 8 shall clarify the detailsof each expense by showing the kinds of exp.and the sources of the services for which theexpenses were incurredexpenses were incurred
1515
Detail of Budget Schedule
Sch 9 :Budgeted Production Facilities
g
Sch.9 :Budgeted Production FacilitiesCapex
T i b d t d d ti f ’• To summarize budgeted production fac’s.Programs by functional type of expend’res
• To list budgeted cap. costs for items whichwill be P.I.S during the budget year. Capt-uring this amount will assist in the comput-ation of depreciationp
1616
Detail of Budget Schedule g
Sch.10 :Budgeted Miscel. Prod. Fac. capex
• To summarize budgeted miscel Capex notTo summarize budgeted miscel. Capex notin sch. 9
• To list budgeted cap. Costs for items whichwill be P I S during the budget year Capt-will be P.I.S during the budget year. Capt-uring this amount will assist in the comput-ation of depreciation
1717
Schedules ….Detail of Budget Schedule
Sch.11 :Admin. Expense Budget Summary
g
• To summarize all recoverable budgeted adm.exp. by functional expenditure category
• To list budgeted cap. costs for items whichg pwill be P.I.S during the budget year. Capt-uring this amount will assist in the comput-ation of depreciation
The aim of attachment 11 mainly to monitor thekinds of support the Operator supplies and to
t l l ll th l ti tenumerate clearly all the expenses relating tothe obligations for improvement of the socialenvironment
1818
Detail of Budget Schedule g
Sch.12 :Budgeted Admin. Capex
• To summarize capex budgeted for adminTo summarize capex budgeted for admin.• To list budgeted cap. costs for items which
will be P.I.S during the budget year. Capt-uring this amount will assist in the comput-uring this amount will assist in the comput-ation of depreciation
1919
Detail of Budget Schedule g
Sch.13 :Budgeted Capital Assets to be PlacedS ( S)Into Service (PIS)
• To summarize capex for assets to be PISduring the budget year
• To monitor depreciation by type of asset
2020
Detail of Budget Schedule
Sch 14 :Budgeted Depreciation For the Year
g
Sch.14 :Budgeted Depreciation For the Year
• To calculate budgeted depreciationfor the yearfor the year
Depreciation for the current year will becalculated in accordance with the rulescalculated in accordance with the rulespresented in exhibit C
2121
Schedules ….Detail of Budget Schedule
Sch.15 :Detailed Program Support Listing
g
g pp g
• To provide a complete list of all programs approvedby BPMIGAS, and all programs for which approvalwill be requested during the budget year
• To establish budget control over AFE’s preparedd i th b d tduring the budget year
• To list budgeted capital costs for items to be PISduring the budget year Capturing this amountduring the budget year. Capturing this amountwill assist in the computation of depreciation
2222
BPMIGASPRODUCTION SHARING CONTRACT
L Capital Portion1) 2) 3)
Operator :Contract Area :Budget Year :
DETAILED PROGRAM SUPPORT LISTING
Line
DescriptionNew
ProgramOld
ProgramTotal
Program4) Anti-cipatedExpd. Asof 31/12/
Capital Portion
5)CurrentYear
6)FutureYear
Budgeted Expend.7) Total
8) To bePIS
This Year
1) 2) 3)
9) Anti-cipated
Non - Capital Portion
10)C 11)F
Budgeted Expend.12) Total
SCHEDULE 15
Expd. Asof 31/12/
10)CurrentYear
11)FutureYear
)
2323
MONITORING PROJECTS
BPMIGAS
Actual Expenditures
Operator :Contract Area :Contract Area No. :
BPMIGASPRODUCTION SHARING CONTRACT
PROJECT STATUS REPORTBPPKA Approval Total Budget
AFE by CategoryAFENo. Letter
No. Date
Actual Expenditures
PriorYears YTD
RemainingBudgetInception
to Date
1 2 3
BPPKA Approval Total Budget
Original Revised
4 5 6 7 8 91 2 3 4 5 6 7 8 9
EstimateActual
Amount
Over/(Under)Budget Plan Actual Date
RemarksStart Date Completion
%
11 12 13 14 15 1610
2424
REPORT 15
Detail of Budget Schedule g
Sch.16 :Production Liftings Forecast
• To capture forecast production/liftings• To capture forecast production/liftings
Sch. 16.1 est oil liftings in thousands of barrelsSch 16 2 est gas liftings in millions of cubic feetSch 16.2 est gas liftings in millions of cubic feet
For purposes of Sch 16 preparation, the Operator mayassume liftings to be equal to productionassume liftings to be equal to productionOne schedule should be prepared for each kind of gasProduction, such as LNG and Residue Gas
2525
Detail of Budget Schedule g
Sch.17 :Budget Year Expenditures
T id ddi i l i f i• To provide additional information oncapital and operating expenditure
Containing current operating expendituresand capital expenditures.
2626
AUTHORIZATION FOR AUTHORIZATION FOR EXPENDITURES EXPENDITURES EXPENDITURES EXPENDITURES
(AFE)(AFE)
AUTHORIZATION FOR EXPENDITURES (AFE)( )
AFE t i d i d t idAFE system is designed to provideManagement i.e. BPMIGASwith information necessary to analyze,evaluate, approve, and monitor expenditureprojects of the PSC
May 08May 08 2828
PROJECT
A project, by definition is a temporary activitywith a starting date, specific goals and conditions,defined responsibilities a budget a planningdefined responsibilities, a budget, a planning,a fixed end date and multiple parties involved.
May 08May 08 2929
NO AFENO AFEAn activityAn activity Is it a project ?Is it a project ? NoNo
NO AFENO AFEREQUIREDREQUIRED
YesYes
AFE REQUIREDAFE REQUIREDMAIN PROJECTSMAIN PROJECTS
- Exploration Surveys- Drilling & Workover
OTHER PROJECTSOTHER PROJECTSe.g. Technical Services
First Office Rent
3030
Drilling & Workover- Capital Assets
First Office RentRecreational Facilities
Two type of Projects using AFE systemyp j g y
Main Project : Exploration, surveys, Drillingand work over Projects, Capital Assets Projectsj , p jdedicated to expl. and prod. activities, Platformcertification
Certain Other Projects: (supporting activity such ascomputerization, rent office, Technical Services)
ith ti t d dit f US$ 500 000with estimated expenditures of US$ 500,000 or more
3131
VARIANCES
• When budget of a project is revised a new WP&B• When budget of a project is revised, a new WP&Bprepared to established a revised budget
• Seek approval from BPMIGAS when est. total cost ofthe project is expected to vary over 10% from thethe project is expected to vary over 10% from theoriginal estimate on the overall project or 30% on anyone cost category
• Close out report (completion report) submitted withinp ( p p )4 months after the corresponding projects are completed
• When actual amount varies 10% or more over thebudget of a project, the Operator has to attachexplanation in detail and has to seek for BPMIGASconfirmation of the variance
3232
AFE SCHEDULES
AFE non Capital :
Sch. 18 A : Airborne SurveySch. 18 B : Land SurveySch. 18 C : Marine SurveySch. 18 D : Data ProcessingSch. 18 E : Exploration and Exploitation studyp p y
May 08May 08 3333
AFE SCHEDULES
AFE Capital/ non Capital :AFE Capital/ non Capital :
Sch. 19 : Drilling well/ workoverSch 20 : Drilling/ work over material listSch. 20 : Drilling/ work over material list
(att. To Sch. 19)Sch. 25 : Platform certificationsSch 26 Certain other ProjectSch. 26 : Certain other Project
May 08May 08 3434
AFE SCHEDULES
AFE Capital :AFE Capital :
Sch. 21 : Offshore Platform FacilitiesSch 22 : Other Offshore FacilitiesSch. 22 : Other Offshore FacilitiesSch. 23 : Onshore FacilitiesSch. 24 : Component List Facilities
( attach to Sch. 21 or 22 or 23)
May 08May 08 3535
AFE 18A - AIRBORNE SURVEY
AUTHORIZATION FOR EXPENDITURES (AFE)AUTHORIZATION FOR EXPENDITURES (AFE)SCHEDULE ILLUSTRATIONSCHEDULE ILLUSTRATION
AFE 18B - LAND SURVEY
AFE 18C - MARINE SURVEYAFE 18D - DATA PROCESSING
AFE 20 - DRILLING &
AFE 18E - EXPLORATION & EXPLOITATION
SURVEY 0 G &WORKOVER
MATERIAL LISTAFE 19 - DRILLING & WORKOVERAFE 21 - OFFSHORE
PLATFORM FACILITIES
AFE 22 - OTHER OFFSHOREFACILITIES
AFE 23 ONSHORE FACILITIES
AFE 24 - FACILITIESCOMPONENT LIST
AFE 25 - PLATFORMCERTIFICATION
AFE 23 - ONSHORE FACILITIES
May 08May 08 3636
AFE 26 - CERTAIN OTHERPROJECTS
BPMIGASPRODUCTION SHARING CONTRACTS
AUTHORIZATION FOR EXPENDITURES Schedule No
Operator :Contract Area :Contract Area No.:
Schedule No. ____AFE No. :Start Date :Completion Date :Close-Out Date :
Survey Type :Program Name :Project Name :
Close Out Date :
Description
OriginalBudget
Revised Budget Actual Expenditures
PriorYear
CurrentYear TOTAL
ActualOver/(Under)
Budget
PercentageOver/(Under)
Budget
Lin
Year Yeare
Time Phased Expenditures- This YearThis Year- Future Years
Operator: BPMIGAS:Approved by _____ Position _____ Date ___ Approved by _____ Position ___
3737
Date___ Approved by _____ Position _____ Date ___
SCHEDULE 19 - DRILLING AND WORKOVER Formation Evaluation1. TANGIBLE COSTS
Casing, Casing Accessories, Tubing,Well Equipment - surface/subsurface
Formation Evaluation- Water- Mud Logging Services- Drill stem Tests- Open Hole Electrical Logging Services2. INTANGIBLE COSTS
Preparation & Termination- Survey- Location Staking/Positioning
Open Hole Electrical Logging ServicesCompletion- Insurance - Casing Liner & Tubing Installation- Cement, Cementing & Pump Fees
- Wellsite and Access Road- Service Line & Communication- Water System- Rigging up / Rigging down
, g p- Cased Hole Electrical Logging Services- Perforating & Wireline Services- Stimulation Treatment- Production Tests
Drilling & Workover Operation- Contract Rig- Drilling Rig Crew- Mud, Chemical & Engineering Svc.
i & C h d
General- Supervision- Insurance- Permits & Fees
M i R l & Ch- Bit, Reamer & Core head- Equipment Rent- Directional Drilling & Surveys- Diving Services
C i I ll i
- Marine Rental & Charters- Helicopter Aviation & Charges- Land Transportation- Fuel & Lubricants
Camp Facilities
3838
- Casing Installation- Cement, Cementing & Pump Fees
- Camp Facilities- Allocated Overhead- Technical Services from Abroad
BPMIGAS SCHEDULE NO.19PRODUCTION SHARING CONTRACTS
AUTHORIZATION FOR EXPENDITURES - DRILLING AND WORKOVER
Operator :Contract Area :Contract Area No.:
AFE No. :Date :
Project Type Well Name Well Type Platform/tripodField/StructureBasin
: Drilling/Workover : : Expl/Del/Dev. :::Basin :
LocationWater Depth
Spud Date
: ________: ________ ft
Program:
Surface Coord.Elevation
: Lat ______ Long :_____: ______ ft Contractor : _____
Actual Program ActualRig Days :p
Completion DatePlaced into ServiceDrilling Days
i d d A l di
____________: ____________: ____________: ____________Close-Out Date
________________________________________________Completion Type : single/dual/triple
Rig Days : _____ ______Total Depth : _____ ______Well Cost/foot $/ft : _____ ______Well Cost/Day $/d : _____ ______
DescriptionOriginalBudget
Revised Budget Actual Expenditures
PriorYear
CurrentYear TOTAL
ActualOver/(Under)
Budget
PercentageOver/(Under)
Budget
Lin
____
Time Phased Expenditures- This Year- Future Years
3939
Operator: Pertamina MPS:Approved by _____ Position _____ Date ___ Approved by _____ Position ___ Date___ Approved by _____ Position _____ Date ___
PERTAMINA / MPSPRODUCTION SHARING CONTRACTS
AUTHORIZATION FOR EXPENDITURES - DRILLING AND WORKOVER
SCHEDULE NO.20ATTACHMENT TO SCH. NO.19
WORKOVER
Operator :Contract Area :Contract Area No.:
Project Type Well Type Field/StructureWell Name
: Drilling/Workover : Expl/Del/Dev. ::
AFE NO. :DATE :
DescriptionUnit ofIssue
Line
BUDGET
Issued from Stock
QTY U P Total
New Purchases
QTY U P Total
Grand Total
QTY AMT
ACTUAL
QTY U P Total
ActualOver/(Under)
QTY AMT QTY Disposition
Surplus Materials
QTY U.P Total QTY U.P TotalQTY AMT QTY U.P Total QTY AMT QTY Disposition
Operator: BPMIGAS:Approved by Position Date Approved by Position
4040
pp y _____ _____ ___ pp y _____ ______Date______Approved by _____ Position _____ Date ___
AFE FOR FACILITIESAFE FOR FACILITIESSCHEDULE NO. 21
OFFSHORE PLATFORM FACILITIES- Jacket
Deck- Deck- Production Process Facilities- General Support
SCHEDULE NO. 22OTHER OFFSHORE FACILITIES- Sub Marine Pipeline- Field Production Junction Facilities- Other
G l S t
SCHEDULE NO. 24COMPONENT
LIST
DetailedItems
- General Support
SCHEDULE NO. 23ONSHORE FACILITIES
Civil Construction
ORIGINAL BUDGETREVISED BUDGET
- Civil Construction- Building- Oil / Gas Production Facilities- Utilities Facilities- Trunk Line
ACTUAL
Quantity Material Other Total
4141
- Other- General Support
yCosts Costs Costs
SCHEDULE NO. 21 - OFFSHORE PLATFORM FACILITIES
JACKET / DECK / PRODUCTION PROCESS FACILITIES• Design Engineering (Local & Abroad)• MaterialsMaterials• Fabrication (Onshore & Offshore)• Installation (Onshore & Offshore)• Transportation
GENERAL SUPPORT• Supervision• Insurance• Permits & Fees• Transportation• Overhead (Field, Jakarta & Office)
Materials commonly provided by Company:Steel for Jacket & Deck, Pipeline & Process Facilities
Works cond cted b Contractor :
4242
Works conducted by Contractor :Engineering, Fabrication, Installation & Transportation
SCHEDULE NO. 22 - OTHER OFFSHORE FACILITIES
SUB-MARINE PIPELINE / FIELD PROD. JUNCTION FACILITIES • Engineering (Local & Abroad)• Materials• S i• Surveying• Installation • Transportation
OTHER FACILITIESOTHER FACILITIES• Engineering (Local & Abroad)• Materials• Fabrication (Onshore & Offshore)( )• Surveying• Installation (Onshore & Offshore)• Transportation
GENERAL SUPPORT• Supervision• Insurance• Permits & Fees
4343
Permits & Fees• Transportation• Overhead (Field, Jakarta & Office)
SCHEDULE NO. 23 - ONSHORE FACILITIES
CIVIL CONSTRUCTION• Surveying• Engineering (Local & Abroad)
OTHER• Engineering (Local & Abroad)• Materials• Engineering (Local & Abroad)
• Site Preparation• Construction
BUILDING
• Materials• Installation• Transportation
GENERAL SUPPORTBUILDING• Engineering (Local & Abroad)• Materials• Construction
GENERAL SUPPORT• Supervision• Insurance• Permits & Fees
• Transportation
OIL/GAS PROD. FACILITIES /UTILITIES / TRUNK LINE
• Transportation• Overhead (Field, Jakarta & Office)
• Engineering (Local & Abroad)• Materials• Construction• Transportation
4444
a spo tat o
SCHEDULE NO. 24 - COMPONENT LIST - FACILITIES
ŵ Supporting each component facility of Schedule 21 22 &ŵ Supporting each component facility of Schedule 21, 22 & 23.
ŵ Component Costs includes materials (ex stock or newŵ Component Costs includes materials (ex stock or new purchase) and installation
ŵ The new purchase should consider the available stock of pconsumable materials since they have been charged to Operating Costs.
ŵ Included in material/component costs are installation, insurance, freight, handling and other cost for delivery to warehouse.
4545
ŵ Other Costs : e.g. engineering, fabrication, installation, etc.
SCHEDULE NO. 25 - PLATFORM CERTIFICATION
Submitted for each individual platform consisting the costs of:- Design Approval- Inspection, Coordination and Reports- Diving Inspectors and Equipment- Boat Rental- Supervision, Catering, Transportation and Fuel
Contingency not exceeding 10% of total AFE- Contingency not exceeding 10% of total AFE
4646
SCHEDULE NO. 26 - OTHER PROJECTS
This Schedule applies to projects other than Main Projects (Projects dedicated to Exploration & Production Activities), estimated cost of US$500 000 or moreestimated cost of US$500,000 or more.
Examples of Other Projects :Office Rental (First Activity - Package)Office Rental (First Activity Package)ComputerizationEnvironmental ActivitiesConstruction Housing & WelfaregOverhaul & Major Repair
4747
TerimaTerima KasihKasih
4848
DIVISI PENGENDALIAN FINANSIAL DIVISI PENGENDALIAN FINANSIAL -- BPMIGASBPMIGAS
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